Credit Suisse net advances 42%

ZURICH -- Credit Suisse Group said third-quarter net profit rose 42% because of a healthy performance at its investment bank -- Credit Suisse First Boston -- and from its private-banking operations.

The Zurich-based bank said net profit for the three-month period rose to 1.92 billion Swiss francs ($1.49 billion) from 1.35 billion francs a year earlier. The results continue a run of strong earnings from large global banks such as UBS...